Question 8 When you make a monthly payment on an amortized loan (such as a...
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Accounting
Question 8 When you make a monthly payment on an amortized loan (such as a normal car loan or a home mortgage), which is the following is the most cordata The journal entry will credit interest expense, credit cash, and debit the debt account. The lender will send you flowers and a box of candy. The journal entry will debit interest expense, debit cash, and credit the debt account. O Part of the payment is for interest and part of the payment pays down the debt amount
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